|
Stop Loss
Hi all
I would appreciate your thought on the following:
The last seven trades I have done have all been loosing trades due to my stop loss not being big enough - in my trading plan I decided that I would keep my stop low i.e. 30 plus spread for any trade. I am finding that all seven trades if they had a bigger stops they would have been winning trades. My question is:
When first entering a position should you place a mechanical stop such as previous days high/low depending on the trend or stick to short stops which have no bearing on support/resistance etc.
Von
|